Hi Everyone! Simply wanted to provide an update in regard to increased odds for more expansion down with our price actions and B-Bands. We can see we have increased odds for Stage 1 Expansion Down in the 6-hour, 8-hour, 12-hour and 24-hour time frames. We have increased odds for Stage 2 Expansion Down in the 2-Day and 4-Day time frames. The Blue Line in the 3-Day time frame is what has been delaying Stage 2 Expansion Down in the Near Term Group of time frames. Will we begin to see visible sign of Stage 2 Expansion Down the remainder of the current 3-Day candle? It's possible. Especially, since our 6-hour, 8-hour, 12-hour, 24-hour and 2-Day time frames show increased odds for another episode of expansion down approaching.
So, in my opinion, we have increased odds for another Sign of Weakness in Phase E of Distribution. Why am I saying "another" Sign of Weakness in Phase E? Because we have been going sideways for quite a while since our "close" below $17,600. This "ranging sideways" in the price action may be acting as our Preliminary Support Range for our future Accumulation Schematic. What event should occur after a Preliminary Support Range in Accumulation? That would be a "Selling Climax" event in Phase A of Accumulation. It's also important to realize a "Sign of Weakness" event in Distribution can also be acting as a "Selling Climax" event in Accumulation. It's important to realize Phase A of Accumulation and Phase E of Distribution ALWAYS OVERLAP ONE ANOTHER.
I hope this publication was helpful to you...
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Happy Trading and Stay Awesome, Everyone!
David